Capital City Trust Co. FL Raises Stock Position in Walmart Inc. (NYSE:WMT)

Capital City Trust Co. FL boosted its position in shares of Walmart Inc. (NYSE:WMT) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,566 shares of the retailer’s stock after acquiring an additional 1,018 shares during the period. Walmart accounts for about 1.9% of Capital City Trust Co. FL’s holdings, making the stock its 12th biggest position. Capital City Trust Co. FL’s holdings in Walmart were worth $7,731,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new stake in Walmart during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 2.6 %

Shares of Walmart stock opened at $94.70 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a 50-day moving average of $95.63 and a 200 day moving average of $86.44. The firm has a market cap of $760.77 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1 year low of $57.77 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio is currently 34.44%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI boosted their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Barclays boosted their price objective on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.43.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is owned by corporate insiders.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.